Gold Smuggling from Sudan into Egyptian Refining Circuits Underway
What happened
Gold is being smuggled from army-held areas of Sudan, specifically the north, into Egyptian refining circuits. This illicit trade flows into Egypt, which is a major hub for gold processing in the region.
From eurasiareview.com
Why it matters
The movement of gold from Sudan into Egypt occurs against a backdrop of EU bans on gold trade. This influx of smuggled material adds to the complex geopolitical and economic flows through the region.
Gold is being trafficked through Chad, Libya, Egypt, and Sudan, eventually reaching the UAE as a major refining hub, amidst EU bans on gold trade.
From eurasiareview.com
Who's involved
- SudanSource of the gold being smuggled
- EgyptDestination for the smuggled gold and major refining hub
- Sudanese Armed ForcesThe armed force whose operational area is involved in the gold source
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- EgyptSpeculative
The influx of smuggled gold could affect the market and operational costs of Egypt's refining industry.
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The entities involved
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Khartoum
capital city of Sudan
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Egypt
country in Northeast Africa and Southwest Asia
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